Suppose the rivals of an oligopolistic firm match either a price increase or decrease. If this occurs, then the firm's demand curve will look ______.

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erincnw2067 erincnw2067

22-07-2022
Business

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Suppose the rivals of an oligopolistic firm match either a price increase or decrease. If this occurs, then the firm's demand curve will look ______.

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pragyavermav1 pragyavermav1 · Answer 1 · 2022-08-04T13:15:19+02:00

Suppose the rivals of an oligopolistic firm match either a price increase or decrease. If this occurs, then the firm's demand curve will look straight.

An oligopoly refers to a marketplace shape that includes a small extensive variety of agencies, who collectively have a sizeable effect over a tremendous industry or marketplace. while the company holds a splendid deal of marketplace power, no person enterprise inside the group has sufficient sway to undermine the others or thieve market percentage.

Oligopoly traits include immoderate limitations to new get right of entry, charge-setting potential, the interdependence of corporations, maximized sales, product differentiation, and non-price competition.

As an alternative, they are oligopolies. Oligopoly arises while a small number of big companies have all or most of the sales in an agency. Examples of oligopoly abound and encompass the auto organization, cable tv, and business air excursion. Oligopolistic corporations are like cats in a bag.

Learn more about oligopoly here https://brainly.com/question/3005866

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